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Monday, 07 December 09
CHINA COKING COAL PRICE MAY RISE 14% ON DEFICIT, CITIGROUP SAYS
Coking coal prices in China, the world’s biggest steel producer, may rise 14 percent next year because of a supply deficit, Citigroup Inc. said.
Supply of the steelmaking raw material will fall short of demand by 27 million metric tons next year, a gap that will be filled by imports, Citigroup analysts Catherine Wang and Thomas P Wrigglesworth said in a Dec. 4 report.
China’s $586 billion stimulus spending has boosted steel demand from property developers and automakers. Steel output in China may rise 14 percent to 570 million tons this year, Xu Lejiang, chairman of the nation’s biggest producer Baosteel Group Corp., said last week in Beijing.
“Coking coal is our favorite bulk commodity,” the analysts said in the research report. “With limited supply, the sector is set to benefit from high levels of steel production in China.”
Hidili Industry International Development Ltd., southwestern China’s largest producer of coking coal, gained as much as 2.9 percent to HK$9.35 and traded at HK$9.25 at 10:40 a.m. The stock has almost quadrupled this year.
Coking coal demand in China may increase 9 percent to 509 million tons from this year, while production will grow 10 percent to 482 million tons, the report said. The forecast is based on pig-iron production of 597 million tons next year, according to the report.
Benchmark coking coal prices have risen 10 percent since May to 1,260 yuan a ton in Pingdingshan, according to industry researcher Steelhome. Pingdingshan, a city in China’s central Henan province, holds China’s largest reserves of coking coal.
Source: Bloomberg
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Sunday, 22 November 09
SHORT PERIOD RATES FOR SUPRAMAX WAS AT US$ 25,000/26,000 PER DAY FOR VESSELS OPENING FAR EAST / SE ASIA - VISTAAR ANALYSIS
COALspot.com (Singapore): Analyised by Capt. Radhakrishnan Reddy, Managing Director of Vistaar Shipping Services, Singapore.
BDI hits a new high ...
Friday, 20 November 09
INDONESIA UNITED TRACTORS PLANS $430 MLN CAPEX IN 2010
Reuters reported that, Indonesian heavy equipment distributor and mining contractor PT United Tractors Tbk plans capital expenditure of $430 million ...
Friday, 20 November 09
DRY BULK SHIP OWNERS HOPE RALLY WILL LAST
Boon times are still on the daily agenda of every dry bulk ship owner these days after one of the toughest year in the industry’s century-old ...
Friday, 20 November 09
NTPC LOOKING FOR LONG TERM CONTRACTS FOR COAL IMPORT
Business Standard of India reported that, State run power firm NTPC today said it is looking for long-term supply of coal from overseas market to me ...
Friday, 20 November 09
CHINESE COKING COAL SUPPLY TO BE 'TIGHT' IN 2010, KGI SAYS
Bloomberg Reported that, Stephen Wang, an analyst with KGI Securities in Taipei, comments on the outlook for Chinese steel production and demand for ...
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- Dr Ramakrishna Prasad Power Pvt Ltd - India
- VISA Power Limited - India
- Sindya Power Generating Company Private Ltd
- Chamber of Mines of South Africa
- Samtan Co., Ltd - South Korea
- Posco Energy - South Korea
- Jindal Steel & Power Ltd - India
- Heidelberg Cement - Germany
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Uttam Galva Steels Limited - India
- Tata Chemicals Ltd - India
- Metalloyd Limited - United Kingdom
- New Zealand Coal & Carbon
- Asmin Koalindo Tuhup - Indonesia
- Kepco SPC Power Corporation, Philippines
- Global Business Power Corporation, Philippines
- Star Paper Mills Limited - India
- Gujarat Electricity Regulatory Commission - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Bukit Baiduri Energy - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Ambuja Cements Ltd - India
- South Luzon Thermal Energy Corporation
- Cement Manufacturers Association - India
- Coal and Oil Company - UAE
- Semirara Mining Corp, Philippines
- Meralco Power Generation, Philippines
- Vedanta Resources Plc - India
- Altura Mining Limited, Indonesia
- Globalindo Alam Lestari - Indonesia
- London Commodity Brokers - England
- Kapuas Tunggal Persada - Indonesia
- Simpson Spence & Young - Indonesia
- PowerSource Philippines DevCo
- OPG Power Generation Pvt Ltd - India
- Siam City Cement PLC, Thailand
- Kobexindo Tractors - Indoneisa
- Madhucon Powers Ltd - India
- Bukit Makmur.PT - Indonesia
- Iligan Light & Power Inc, Philippines
- PetroVietnam Power Coal Import and Supply Company
- Wood Mackenzie - Singapore
- Ministry of Transport, Egypt
- Manunggal Multi Energi - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Riau Bara Harum - Indonesia
- Mercuria Energy - Indonesia
- Minerals Council of Australia
- Mercator Lines Limited - India
- GN Power Mariveles Coal Plant, Philippines
- Sojitz Corporation - Japan
- Maharashtra Electricity Regulatory Commission - India
- Gujarat Sidhee Cement - India
- Bhatia International Limited - India
- Antam Resourcindo - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Global Green Power PLC Corporation, Philippines
- Port Waratah Coal Services - Australia
- Baramulti Group, Indonesia
- Formosa Plastics Group - Taiwan
- PTC India Limited - India
- GAC Shipping (India) Pvt Ltd
- GMR Energy Limited - India
- The Treasury - Australian Government
- TNB Fuel Sdn Bhd - Malaysia
- IEA Clean Coal Centre - UK
- Leighton Contractors Pty Ltd - Australia
- Eastern Energy - Thailand
- Parry Sugars Refinery, India
- SMC Global Power, Philippines
- Coastal Gujarat Power Limited - India
- Ind-Barath Power Infra Limited - India
- Kideco Jaya Agung - Indonesia
- Parliament of New Zealand
- Energy Link Ltd, New Zealand
- Kohat Cement Company Ltd. - Pakistan
- Interocean Group of Companies - India
- Indika Energy - Indonesia
- International Coal Ventures Pvt Ltd - India
- IHS Mccloskey Coal Group - USA
- White Energy Company Limited
- Coalindo Energy - Indonesia
- Australian Commodity Traders Exchange
- Miang Besar Coal Terminal - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Borneo Indobara - Indonesia
- Merrill Lynch Commodities Europe
- Bank of Tokyo Mitsubishi UFJ Ltd
- Gujarat Mineral Development Corp Ltd - India
- Singapore Mercantile Exchange
- Agrawal Coal Company - India
- Bahari Cakrawala Sebuku - Indonesia
- Aboitiz Power Corporation - Philippines
- Pendopo Energi Batubara - Indonesia
- Jaiprakash Power Ventures ltd
- Sinarmas Energy and Mining - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Mjunction Services Limited - India
- India Bulls Power Limited - India
- Tamil Nadu electricity Board
- Videocon Industries ltd - India
- Marubeni Corporation - India
- Pipit Mutiara Jaya. PT, Indonesia
- Bhoruka Overseas - Indonesia
- Ministry of Finance - Indonesia
- Australian Coal Association
- Directorate General of MIneral and Coal - Indonesia
- Indo Tambangraya Megah - Indonesia
- Xindia Steels Limited - India
- Attock Cement Pakistan Limited
- Larsen & Toubro Limited - India
- Chettinad Cement Corporation Ltd - India
- Eastern Coal Council - USA
- Straits Asia Resources Limited - Singapore
- Makarim & Taira - Indonesia
- Carbofer General Trading SA - India
- SN Aboitiz Power Inc, Philippines
- Commonwealth Bank - Australia
- Orica Mining Services - Indonesia
- Salva Resources Pvt Ltd - India
- Bharathi Cement Corporation - India
- Electricity Generating Authority of Thailand
- Barasentosa Lestari - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Kumho Petrochemical, South Korea
- Maheswari Brothers Coal Limited - India
- The University of Queensland
- Ceylon Electricity Board - Sri Lanka
- Siam City Cement - Thailand
- Price Waterhouse Coopers - Russia
- Latin American Coal - Colombia
- CNBM International Corporation - China
- Vizag Seaport Private Limited - India
- Oldendorff Carriers - Singapore
- Lanco Infratech Ltd - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Grasim Industreis Ltd - India
- Energy Development Corp, Philippines
- Billiton Holdings Pty Ltd - Australia
- Wilmar Investment Holdings
- Dalmia Cement Bharat India
- ASAPP Information Group - India
- Toyota Tsusho Corporation, Japan
- Timah Investasi Mineral - Indoneisa
- Mintek Dendrill Indonesia
- Electricity Authority, New Zealand
- Trasteel International SA, Italy
- Karbindo Abesyapradhi - Indoneisa
- Bangladesh Power Developement Board
- McConnell Dowell - Australia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Africa Commodities Group - South Africa
- MS Steel International - UAE
- Anglo American - United Kingdom
- Savvy Resources Ltd - HongKong
- Holcim Trading Pte Ltd - Singapore
- Georgia Ports Authority, United States
- Sree Jayajothi Cements Limited - India
- European Bulk Services B.V. - Netherlands
- The State Trading Corporation of India Ltd
- Intertek Mineral Services - Indonesia
- SMG Consultants - Indonesia
- Global Coal Blending Company Limited - Australia
- Indogreen Group - Indonesia
- San Jose City I Power Corp, Philippines
- Renaissance Capital - South Africa
- Indian Energy Exchange, India
- Binh Thuan Hamico - Vietnam
- Bhushan Steel Limited - India
- Romanian Commodities Exchange
- LBH Netherlands Bv - Netherlands
- Central Java Power - Indonesia
- Ministry of Mines - Canada
- Sarangani Energy Corporation, Philippines
- Power Finance Corporation Ltd., India
- Petron Corporation, Philippines
- Karaikal Port Pvt Ltd - India
- Bukit Asam (Persero) Tbk - Indonesia
- Kartika Selabumi Mining - Indonesia
- Planning Commission, India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Rio Tinto Coal - Australia
- Thai Mozambique Logistica
- Essar Steel Hazira Ltd - India
- CIMB Investment Bank - Malaysia
- Therma Luzon, Inc, Philippines
- Alfred C Toepfer International GmbH - Germany
- Edison Trading Spa - Italy
- PNOC Exploration Corporation - Philippines
- TeaM Sual Corporation - Philippines
- Indonesian Coal Mining Association
- Cigading International Bulk Terminal - Indonesia
- Independent Power Producers Association of India
- Neyveli Lignite Corporation Ltd, - India
- Goldman Sachs - Singapore
- Meenaskhi Energy Private Limited - India
- GVK Power & Infra Limited - India
- Deloitte Consulting - India
- Orica Australia Pty. Ltd.
- Bayan Resources Tbk. - Indonesia
- Directorate Of Revenue Intelligence - India
- Malabar Cements Ltd - India
- Indian Oil Corporation Limited
- Kaltim Prima Coal - Indonesia
- Standard Chartered Bank - UAE
- Thiess Contractors Indonesia
- Bulk Trading Sa - Switzerland
- Medco Energi Mining Internasional
- Semirara Mining and Power Corporation, Philippines
- ICICI Bank Limited - India
- Banpu Public Company Limited - Thailand
- Sakthi Sugars Limited - India
- Sical Logistics Limited - India
- Aditya Birla Group - India
- Economic Council, Georgia
- Central Electricity Authority - India
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